Dhani Services Limited — Others, 17-01-2025: Corrigendum

Dhani Services Limited has issued a corrigendum to its Extraordinary General Meeting (EGM) notice scheduled for January 25, 2025. The corrigendum clarifies the estimated allocation of proceeds from a proposed preferential issue of convertible warrants to the promoter group, totaling ₹406.35 crore. Key allocations include ₹150 crore for growth plans, ₹104.76 crore for working capital, ₹50 crore for debt repayment, and ₹101.58 crore for general corporate purposes, all to be utilized within 18 months. This update could enhance investor sentiment by indicating a structured approach to funding subsidiary operations, while the evolving financial strategy presents underlying risks linked to resource availability and revenue projections.